APC 2014 Annual Report Download - page 259

COMPANY FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
2.2 – Other investment securities
(in thousands of euros)
Other investment securities Dec.31, 2013 Increases Decreases Dec.31, 2014
Schneider Electric SE shares 48,778 370,415 - 419,193
Other 131 - - 131
Provisions for other shares (77) - - (77)
NET 48,832 370,415 - 419,247
Other investment securities primarily include Schneider Electric SE shares acquired for allocation on the exercise of certain stock options.
Schneider Electric SE has not reclassified own shares allocated to this line item as of December31, 2004. However, since then, all
purchases made for allocation to stock option plans have been classified as marketable securities.
Since August2014, in compliance with the resolution adopted by the General Shareholders’ Meeting dated May6, 2014, the company
proceeded to the share buyback of 5,989,578shares for a total amount of EUR370million. These Schneider Electric SE shares were not
allocated to performance shares plans and thus were accounted for as other investment securities.
2.3 – Advances to subsidiaries and affiliates
(in thousands of euros)
Advances to subsidiaries and affiliates Dec.31, 2013 Increases Decreases Dec.31, 2014
Cost 4,099,920 232,288 (373,724) 3,958,484
Provisions - - - -
NET 4,099,920 232,288 (373,724) 3,958,484
At December31, 2014, this item mainly consisted of two loans loans granted in 2011 and 2012 to Boissière Finance for a total
totaling EUR3,100million granted to Schneider Electric amount of EUR814million with maturity date 2016 and 2022 and
IndustriesSAS, out of which EUR600million with maturity date of accrued interest of EUR44million.
2015 and EUR2,500million with maturity date 2017, of three
Other receivables Note3
(in thousands of euros)
Other receivables Dec.31, 2014 Dec.31, 2013
Cost 116,695 43,800 6
Provisions (226) (226)
NET 116,469 43,574
At December31, 2014, «Other receivables» main changes related to the Group income tax payable for EUR58million and research tax
credit for EUR17million.
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